Small-scale Renewable Energy Scheme (SRES): This scheme provides a financial incentive for installing small-scale renewable energy systems, including solar panels. The incentive is provided in the form of Small-scale Technology Certificates (STCs), which can be created based on the expected electricity generation of the solar panels over a 15-year period. These STCs can then be sold to registered agents or traders, who are required to surrender a certain number of STCs each year to comply with the Renewable Energy Target.

March 29, 2024by Luke0

The SRES aims to encourage the uptake of small-scale renewable energy systems by making them more affordable for consumers. By receiving a financial incentive for installing Solar panels, homeowners and businesses are more likely to invest in renewable energy technology, which in turn helps reduce greenhouse gas emissions and reliance on fossil fuels.

To participate in the SRES, individuals or businesses must use an accredited installer and meet certain eligibility criteria. The number of STCs that can be created for a Solar panel system depends on factors such as the size of the system, location, and the amount of electricity it is expected to generate. The value of STCs can fluctuate depending on market conditions, so it is important for participants to monitor the market and sell their STCs at the right time to maximize their financial return.

Overall, the SRES provides a valuable incentive for transitioning to cleaner and more sustainable energy sources, helping to create a greener future for Australia.

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